Traders don't make money while attending the school of hard knocks. Very few make money after graduating.

Looking for good forex strategy training

I find it ironic that a bunch of losing traders would discourage you from seeking training as opposed to wasting a year on a forum sorting through a bunch of half-asssed trading ideas. Why is it more noble to blow a couple accounts than it is to get ...

Looking for good forex strategy training

I don't think you understand how a futures contract works. You don't have to use leverage but you can't avoid margin.

Margin-free accounts?

You can't avoid margin regardless of how much money you dump into your account or how small you position size. If you trade responsibly margin will never be a factor in your trading decisions.

Margin-free accounts?

They are called Keltner Channels. Most platforms should have them as a standard indicator.

ATR band indicator

Happy Anniversary! We turned 4 years old this month on FF (or 28 dog years).

Is it an acceptable position?

If you have a reversal candle strategy and you start taking trades outside of the strategy then it doesn't sound OK to me. You can't backtest guessing.

Is it an acceptable position?

Crap! I better close my trades before TradeStation reads this. You might also take a look at NinjaTrader.

Opinions on system trading software

Yes, cable = pound = sterling = GBPUSD. The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable.

cable short for gbpusd?

That's a 6210 pip move but since you called us friends, I'm all in. And, since we're friends, you might want to review the ISO currency codes and learn their proper names. Some people might find it difficult to take trading advice from someone who ...

GBP CAD room FOR Specialist

Interesting. Thanks for posting!

Forex TimeZone

NinjaTrader is completely free with Gain Capital data. You don't have to open an account with either company. Seriously, it's free regardless of how many ways you rephrase the question. If you can't figure it out PM me and I'll help you get started.

Any good charting software

The first currency is the "base" and the second currency is the "quote" or "counter." When you trade a standard lot you are buying (or selling) $100,000 of the base. To do so, you borrow as much of the counter currency as necessary to get your base ...

Pip value calculation?

Setting 10 pip profit targets is one of the most imperfect concepts you could possibly employ.

My exprience and lesson in my first week of trading

Yes! No buts....just yes.

Shouldn't a good price action system work on all time frames?

182 pips. Your charting software probably has an ATR (average true range) indicator.

Average Daily Range

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Trade with one currency

I trade it on a 4 hour chart. $14.79/pip makes up for the lack of ATR.

EUR/GBP Trading Room

There are a lot of ways to profit from trading. Saying the market is going to turn around every 90 minutes isn't one of them. That simply isn't an actionable assumption.

how do you handle retracements?

Don't fall into the trap of trying to assign order to a random market. Price goes up until it doesn't. Then it retraces until it's done.

how do you handle retracements?